Tesco PLC — Director's Dealing 2018

Apr 18, 2018

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RNS Number : 3736L

Tesco PLC

18 April 2018

PDMR SHAREHOLDING

18 April 2018

Tesco PLC (the "Company")

Exercise of nil-cost options under the Tesco PLC Long Term Incentive Plan 2015 (the LTIP")

On 17 April 2018, Matt Davies, a member of the Company's Executive Committee, exercised nil-cost options over 307,845 Ordinary Shares of 5 pence each in the Company from an award granted on 6 July 2015 under the rules of the LTIP.

This represents the gross number of shares exercised.  A proportion of the shares exercised have been retained to cover Income Tax and National Insurance Contributions due on exercise and the net shares have been transferred to Matt.

The share price on exercise was 235.90 pence per share.

The Notification of Dealing Form can be found below.  This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014. 

For enquiries, please contact:

Robert Welch, Company Secretary

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

Tel: 07793 222569

LEI Number: 2138002P5RNKC5W2JZ46

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt Davies
2	Reason for the notification
a)	Position/status	UK & ROI CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Tesco PLC
b)	Legal Entity Identifier	2138002P5RNKC5W2JZ46
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 5 pence each GB0008847096
b)	Nature of the transaction	Exercise of nil-cost options under the rules of the Tesco PLC Long Term Incentive Plan 2015
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s) £2.359	Volume(s) 307,845
e)	Aggregated information - Aggregated Volume - Aggregated Price - Aggregated Total	307,845 £2.359 £726,206.36
f)	Date of the transaction	2018-04-17
g)	Place of the transaction	Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

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